Solution-What amount should be reported for pension expense

What amount should be reported for pension expense

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Reference no: EM132583372

Presented below is information related to Sheridan Inc. pension plan for 2018.

Service cost $1610000

Actual return on plan assets 320000

Interest on projected benefit obligation 570000

Amortization of net loss 145000

Amortization of prior service cost due to increase in benefits 245000

Expected return on plan assets 265000

Question 1: What amount should be reported for pension expense in 2018?

Option a) $2000000

Option b) $2515000

Option c) $2305000

Option d) $2250000

Reference no: EM132583372

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What amount should be reported for pension expense

Reference no: EM132583372

Reference no: EM132583372

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